China Insurance Sector Report 2019 1st Quarter

As the negative impact from the life product restructuring continued to diminish, China’s insurance sector reported a stronger growth during Q4 2018. Total insurance premiums reached RMB 735.5bn in Q4, registering a y/y increase of 20.1%, about 7 pp higher than the growth rate in Q3. Compared with the significant 11% y/y drop in premiums in the previous quarter, which was the first quarterly premium contraction of the sector since 2011, the recovery in growth pace quarter by quarter indicates that the headwinds have gradually faded away and that the sector will likely get back on a fast growth track soon. The full year premium rose by 3.9% y/y to RMB 3,802bn. In 2018, the performance of the sector was significantly affected by the human insurance segment, as the latter contributed RMB 2,725bn in premiums, or 72% of industry total. Q4 alone saw human insurance premiums surge by 30.4% y/y to RMB 458.8bn. The full-year growth rate was 1.9% y/y, indicating the segment’s fluctuating growth path during the year.  

This report provides a complete and detailed analysis of the insurance sector for China. EMIS Insights presents in-depth business intelligence in a standard format across countries and regions, providing a balanced mix between analysis and data.

What this report allows you to do:

• Understand the key elements at play in the insurance sector in China
• Access forecasts for growth in the sector
• View key data on insurance premiums and claims in China.
• Crystallise the forces both driving and restraining this sector in China
• Assess market share for the life insurance, non-life and reinsurance sectors
• Ascertain China’s position in the global sector
• Understand the competitive landscape and who the major players are
• View M&A activity and major deals
• Gain an understanding of the regulatory environment for the sector in China
• Build a clear picture of trends and issues for sub-sectors (life insurance, non-life insurance, reinsurance) and for retail channels.

See below for a complete table of report contents: